BLUE SKY BREAKOUT

[~ Blue ~]

NMHLY(.41)~DD: Abu Dhabi Turns to $229 Billion Wealth Fund to Rescue NMC

https://www.bloomberg.com/news/articles/2020-02-29/abu-dhabi-wealth-fund-said-to-weigh-investment-in-troubled-nmc
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2) The Sheihk's want in....thats all that needs to be said.

https://www.bloomberg.com/news/articles/2020-05-14/abu-dhabi-sheikh-is-said-in-talks-to-buy-stake-in-amanat

https://sites.google.com/view/penny-trade-insider/menu/market-movers/nmc-health-plc-nmhly?authuser=0

https://www.nytimes.com/reuters/2020/05/14/world/europe/14reuters-nmc-health-ashmore.html

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155632954


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3) Ashmore shows interest in deal to run NMC hospitals: sources

MAY 14, 2020

Saeed Azhar, Davide Barbuscia

DUBAI (Reuters) - Ashmore Group (ASHM.L) has shown interest in a contract to operate troubled NMC Health’s chain of hospitals in the United Arab Emirates (UAE), two sources close to the matter told Reuters.
Ashmore, the private equity arm of which focuses on the healthcare sector, is among a number of potential bidders seeking a deal to run the hospitals, both sources said.

The investor already has a presence in the UAE after King’s College Hospital London was brought to Dubai through a joint venture with Al Tayer Group, Dubai Investments and Ashmore.

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NMC, which was founded by Indian businessman BR Shetty in the mid-1970s, became the largest private healthcare provider in the UAE but has run into trouble after short-seller Muddy Waters questioned its financial reporting and doubts emerged over the size of stakes owned by its biggest shareholders.

NMC, which has borrowed from a total of 80 local and international banks, disclosed $6.6 billion in debt in March, up from $2.1 billion in June last year.

Ashmore and Alvarez & Marsal, the joint administrators of NMC Health, declined to comment.

Interest in running NMC’s hospitals comes after the administrators kick-started the process to sell NMC Trading, the holding company’s distribution arm, sources said.

A spokesman for NMC Healthcare confirmed it is in the process of exploring various options for NMC Trading (UAE), which it considers non-core.

“The management team’s priority is to stabilise the business and ensure continuity of care at its hospitals and medical centres,” the spokesman said in an email.

The group’s distribution business is separate from its main hospital and medical centres business in the UAE.

https://www.reuters.com/article/us-nmc-health-ashmore/ashmore-shows-interest-in-deal-to-run-nmc-hospitals-sources-idUSKBN22Q26S
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4) NMHLY~One of the biggest hospital chains in the world~

NMHLY 22,000 employees over 200 hospitals all over the world

NMC Healthcare is the largest private healthcare company in the UAE and ranks amongst the leading fertility service providers in the world. Over the last 46 years, NMC has earned the trust of millions, thanks to its personalized care, genuine concern and a sincere commitment to the overall well-being of the patient.
NMC was the first company from Abu Dhabi to list on the London Stock Exchange and is now part of the premium FTSE 100 Index, an elite club of top 100 blue-chip companies by market cap. NMC's strategic acquisitions coupled with its legacy institutions have allowed us to fill the service gap in our healthcare delivery system and offer a continuum of care to patients
Today, the company has put the key components in place to create a strong, inter-connected, integrated multi-vertical and multi-brand private healthcare network with the scalability and flexibility to grow our operations in the future. With a team of over 2,000 doctors and 20,000 paramedical and support personnel, NMC owns and manages over 200 healthcare facilities that includes hospitals, medical centres, long term care facilities, day surgery centres, fertility clinics and home health services. Every year, over 8.5 million patients are treated by NMC doctors across UAE, Saudi Arabia, Kuwait, Oman, Yemen, Jordan, Egypt, Kenya, Seychelles, United Kingdom, Spain, Italy, Denmark, Latvia, Sweden, Slovakia, USA, Colombia and Brazil.

https://nmc.ae/aboutus

https://nmc.ae/hospitals

5) NMHLY share price hit 15 dollars on April 15, 2020

https://finance.yahoo.com/quote/NMHLY/history?p=NMHLY